Saving & Investing Goals
It’s hard to believe that it’s August already. In the normal world, we’d be getting ready to shift into back-to-school mode and the kids would be excitedly shopping for school supplies. BUT, a few weeks ago we received the news that schools in our county (I’m in Maryland) will not physically open this fall because of the ongoing COVID-19 pandemic. All learning will be virtual for the first 5 months of the school year at least. We’re currently in month 4 of the pandemic and our lives will likely not be “normal” for a long time to come. But regardless, the budget must go on. Even in the midst of a global pandemic, I still believe we all need to be budgeting. COVID-19 infection and mortality rates are steadily rising in the US. And with 30 million people receiving unemployment benefits, I’m extremely grateful to have a healthy family and to be gainfully employed with some money to actually budget with.
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Recap of July 2020 Goals
Save $833 Towards Project $100K
Buy a share of Pinterest Stock Weekly
Stick to the $700 grocery budget
Pay an extra $200 towards the mortgage
Now onto my goals for August 2020. Do you ever get new goals and gems dropping first thing in the morning? I woke up a couple a weeks ago with this goal in my spirit. Invest an additional $1,000 every month. My first thought was about how much faster I could reach my optional early retirement goal by investing an additional $1,000 on top of what I’m already doing. My VERY next thought was an excuse about why I CAN’T achieve this new goal. Do you ever psych yourself out before you get out of the starting block? I was already second-guessing myself before I put my feet on the floor and wiped the crust out my eye. In actuality, I second-guess myself all the time. Then I have to remind myself about how God HAS blessed before and I move forward with that confidence Sometimes you just gotta push past your comfort zone to get the results you want. Because where God gives vision He gives provision…He might just be waiting on you to do your part before opening up the flood gates.
What big scary money are you currently running away from?
August 2020 Goals
Save $833 towards project $100K
Transfer $30 into the Stash Investing app weekly
Invest $1,000 into index funds
Stick to my $700 monthly grocery budget
Now it’s your turn! Did you accomplish your money goals last month? What are your money goals for this month? Do you struggle with staying motivated?